Technical analysis BTCUSDT for 27.12.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 42700. The closest resistance is the level 43250
Key levels
- 43950, 43250, 42700, 42150, 41400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 43250, with Take Profit of 43950 and Stop Loss of 42700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 42700, with Take Profit of 42150 and Stop Loss of 43250
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.